Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against BloFin+0.445%63s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1321.317% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.445%, 7d avg +0.097%
=The price spread pays, funding is against you. Gate is 0.348% dearer against BloFin than usual: you sell high and buy low (spread +0.445% now, against its 7-day average of +0.097%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 25 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PNUT-USDT | 0.05622 | 0.0147 | pay 0.0074% / 4h | 30m 14s | $284K | $25K | 50x |
| Short | Gate PNUT_USDT | 0.05647 | 0.0100 | get 0.0050% / 4h | 30m 14s | $894K | $1.1M | 50x |
BloFin PNUT-USDT
Gate PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.88
- Price spread: +0.445% → +0.097%
- $34.76
- Slippage, 4 orders
- −$104.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$106.85
- Costs to cover
- 1.317%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 4 min ago | 4.49 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.12 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
PNUT on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PNUT-USDT-SWAP | +0.0050% | 4h | 0.05634 | +0.213% | $1.6M | $6.0M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05633 | +0.189% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05631 | +0.160% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05628 | +0.107% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDTshort | +0.0100% | 4h | 0.05647 | +0.445% | $894K | $1.1M | 50x | |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05629 | +0.125% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05627 | +0.089% | $766K | $1.0M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05637 | +0.267% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05622 | −0.009% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05629 | +0.118% | $6K | $142K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDTlong | +0.0147% | 4h | 0.05622 | long leg | $284K | $25K | 50x | |
| KuCoin PNUTUSDTM | +0.0264% | 4h | 0.05646 | +0.427% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0816% | 1h | 0.05634 | +0.213% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0860% | 1h | 0.05647 | +0.438% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05652 | +0.534% | $359K | $53K | 50x | as long as short |
| Hyperliquid PNUT | +0.1189% | 1h | 0.05654 | +0.569% | $1.6M | $484K | 3x | as long as short |
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT